Form 4: Levi Strauss Director Acquires Shares via DERs

Levi Strauss & Co. Director Jenny J. Ming reported the acquisition of Class A and Class B common stock through dividend equivalent rights.

Summary

• Director Jenny J. Ming acquired 85 shares of Class A Common Stock through dividend equivalent rights (DERs) on November 4, 2025.
• These Class A DERs represent a contingent right to receive one share of the issuer's Class A Common Stock upon settlement.
• The Class A DERs will vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the underlying award's grant date.
• Ming also acquired 114 shares of Class B Common Stock through fully vested DERs on November 4, 2025.
• Each Class B Common Stock share is convertible into one Class A Common Stock share at the option of the holder and has no expiration date.
• The underlying shares of Class B Common Stock issuable pursuant to these DERs are subject to a deferral delivery feature.
• Following these reported transactions, Jenny J. Ming beneficially owns 64,527 shares of Class A Common Stock and 59,889 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even through dividend equivalent rights, generally indicates confidence in the company's future prospects and aligns management's interests with shareholders.

Positives

• The acquisition of additional shares by a director, even through dividend equivalent rights, can be interpreted as a positive signal of management's confidence in the company's future performance and value.

Stakeholder Impact

• Shareholders may view the director's increased beneficial ownership as a positive sign, suggesting alignment of interests and confidence in the company's long-term value.

Key Dates

Recommendation

The director's acquisition of additional shares through dividend equivalent rights, while not a direct open market purchase, signals continued confidence in Levi Strauss & Co. This action, by itself, typically reinforces a 'hold' position for existing investors rather than prompting a strong buy or sell recommendation, as it reflects an increase in beneficial ownership through a compensation mechanism.

Keywords

Levi Strauss, LEVI, Form 4, insider transaction, director, stock acquisition, dividend equivalent rights, DERs, Class A Common Stock, Class B Common Stock